# Foresight and RH Electronics sign strategic alliance for vision system development

Foresight Autonomous Holdings and RH Electronics signed a non-binding Development and Investment Agreement for a multi-phase project to develop chip-based FPGA and ASIC solutions for Foresight's QuadSight vision system. RH plans to invest USD 1 million in Foresight and purchase approximately 1% of its shares.

- Type: Partnership
- Announced: 2018-12-17
- Where: Israel
- Value: $1.00M
- Status: announced
- Products: FPGA and ASIC solutions for QuadSight vision system
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Foresight Autonomous Holdings](https://endata.com/companies/36195.md)
- [RH Electronics](https://endata.com/companies/36196.md) (partner)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1691221/000121390018017423/f6k121718ex99-1_foresight.htm), 2018-12-17: "We are very excited about this important strategic alliance with RH that aims to enable us to achieve important future technological milestones."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.